Outgoings: $55,502

Unique Site - Rare Opportunity to own this Freehold Manns Road Property!

Do not miss out on this freehold Manns Road property!

This opportunity comprises two freestanding facilities, plus external awning and hardstand areas on *4,000sqm of E4 General Industrial zoned land.

One building was previously occupied by Coates Hire and is now offered vacant possession.

This building offers *206sqm of high clearance workshop/warehouse & multiple roller doors, three phase power, plus *31sqm staff amenities, *100sqm external awning & *78sqm D.A approved covered wash bay with oil separator.

The other building currently occupied by Dulux is *405sqm offers a retail/trade showroom, offices, staff amenities plus warehouse with roller door access, with existing lease terms as follows:

Tenant: Dulux Group (Australia) Pty Limited
Initial lease term: Three (3) years
Lease Commencement: 12th May 2022
Option period: Not applicable
Lease expiry: 11th May 2025
Rental: $92,347.43 plus outgoings + GST
Outgoings: Tenant to pay 40% of the outgoings applicable to the property
Rental increases: 3% annually

Both facilities offer a regular shape, the driveways are nice and wide with plenty of hardstand so you can easily receive and dispatch containers, machines, and other goods quickly and efficiently.

With quality security fencing and gates, pylon signage, plus plenty of room for on-site parking spaces and street parking available, this property ticks many boxes!

This site is currently under-developed, providing a fantastic opportunity for development and value creation/enhancement.

Manns Road is tightly held with minimal supply/opportunities to buy larger freehold industrial facilities/buildings in this sought after location, so don’t miss out!

Buy this site and take advantage of the 19,000+ vehicles passing daily, the existing buildings, lots of street frontage and prominent signage opportunities.

Contact us to request a copy of the Information Memorandum.

*Approximately